The US SEC is changing its approach to listing cryptocurrency ETFs

So soon after sharing authority with the CFTC to oversee crypto, standards will focus on derivatives markets.

The SEC will authorise exchange-traded funds for cryptocurrencies whose futures have been traded for at least six months on regulated platforms such as Coinbase Derivatives or the Chicago Mercantile Exchange.

Based on that timeframe, Bloomberg stock analysts James Seyffarth and Eric Balchunas expect "a dozen altcoin-based funds" to be approved by October-September this year.

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Circle announced the launch of USDC on Hyperliquid

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🔭 $752.00 million was liquidated in 24 hours

Long by $705.79 million and short by $46.21 million.

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An American schoolboy allocated $100 and gave ChatGPT complete control over a portfolio of small-cap stocks.

Over the course of a month, the portfolio yielded a return of 23.8%, with one of the most successful moves being the purchase of CADL, which accounted for about half of the total profit.

The boy did not interfere in the process and even created a transaction tracking system through Yahoo Finance for the experiment. He plans to continue the project until December and already says that he has ‘found his life's work.’

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Ex-BitMEX CEO Arthur Hayes overnight sold 2,373 ETH ($8.6m), 7.76m ENA ($4.56m) and 38.9bn PEPE ($411,000).

He also attributes the current market decline to the tariff bill in the US, which comes into effect in the third quarter.

Hayes admits that bitcoin could test $100,000 and Ethereum could test $3,000 amid a lack of stimulus to grow the economy.

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Andreessen Horowitz criticised the draft version of the CLARITY Act

Points of concern:

- ‘Ancillary assets’ - tokens without rights to shares, dividends, or management.
It is assumed that such assets could be used to circumvent regulation.

- Attempt to rewrite the Howey test.
According to a16z experts, it would be legally incorrect to change it.

- The possibility of insiders purchasing tokens under simplified rules and then selling them on the market without restrictions. This creates risks for ordinary investors.

A16z proposed adopting a ‘digital commodity’ model and adapting the Howey test to WEB3 without undermining the current foundations.

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Ether accumulation continues

SharpLink Gaming acquired ~16,000 ETH ($54 million).

Over the past 4 days, the whale has accumulated $280 million worth of ETH.

Since 9 July, 12 new wallets have acquired more than 790,000 ETH (~$3 billion).

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The main problem of the crypto industry was the speed of withdrawal of funds by attackers after hacks, - Global Ledger report

Thus, in the first half of the year, hackers stole $3 billion in 119 hacks. This is one and a half times the total losses of the cryptocurrency industry for the whole of last year.

In 84% of cases, security systems registered incidents on the day they occurred.

The record transfer speed was 4 seconds. Meanwhile, the average time from attack to first move is 15 hours. Public disclosure typically takes 37 hours. This means cybercriminals have more than 20 hours to cover their tracks.

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For the first time Base overtook Solana in the number of tokens launched 🐻

So on 27 July more than 54,000 new shits appeared there against 25,000 on Solana.

The main growth was provided by the integration of Farcaster and Zora, where each post turns into a token with trading liquidity.

On Solana, trading volumes and revenues of popular platforms such as Pump fun and LetsBonk are decreasing.

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Billionaire Adam Weitzman has purchased 5,000 NFTs from Yuga Labs, including the rare Mega Koda and Chaos Deed

The deal is for millions of dollars and with a vesting period of several years.

This is how he decided to support the Otherside meta universe, which he calls "a real adventure" - as opposed to the boring, albeit lucrative, metal business.

After the purchase, Otherdeed's minimum price jumped 8% to 0.19 ETH.

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Bitcoin is experiencing a fundamental shift in capital allocation

OnChainSchool, an onchain analyst at CryptoQuant, stated that.

Until two years ago, dormant coins - those that had been dormant for more than seven years - were considered lost or owned by early investors.

Now, transactions involving them have become systemic: since 2023, the average monthly transaction volume of "old" bitcoins has risen from 4,900 BTC to 30,700 BTC. Meanwhile, the average size of transfers has increased from 62 BTC to over 1,000 BTC.

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Historically, August is a weak month for Bitcoin.

However, if we look at 2013, 2017, and 2021, statistically we have a good chance of a strong month. September is usually a pullback.

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